Asia Insurance Announces PKR 269.9M Rights Issue
Summary
Asia Insurance Company Limited announces a rights issue to raise Rs 269.9M, representing 36.97% of existing capital, to strengthen its capital base and meet regulatory requirements.
Kind of disclosure: Other
Read the original filingKey facts
- Rights issue announced
- Rs 269.9M
- Proportion of new issue
- 36.97%
- Underwriter appointed
- ARIF HABIB LIMITED
- Regulatory compliance
- SECP
- Potential risks identified
- Multiple risks
Asia Insurance Company Limited (ASIC) on Nafa
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- Material informationAsia Insurance Announces PKR 269.9M Rights IssueAsia Insurance plans a Rs 269.9M Rights Issue to boost capital to Rs 1B, meeting regulatory requirements.
Source: Asia Insurance Company Limited's filing with the Pakistan Stock Exchange. The summary and figures on this page are extracted from the filing by software and can contain errors; the filing itself is the record. This page describes the filing. It is not investment advice and Nafa does not recommend any stock. Investing in securities involves risk, including possible loss of principal.